Bitcoin Holds Above $30,000 As Market Awaits Spot ETF, but ECB Tightening Could Spook Sentiment
June 28 (Cointime) - Bitcoin has remained above the $30,000 level, with hopes of a bitcoin ETF boosting market sentiment. Major financial institutions such as Fidelity, BlackRock, Invesco, WisdomTree, and Bitwise are all reportedly planning to file for a spot bitcoin ETF.
Bitcoin Miners Send Over $1 Billion to Exchanges, Suggesting Heightened Trading Activity and Potential Hedging Strategies
June 28 (Cointime) - Over the past two weeks, miners have transferred more than $1 billion worth of bitcoin from their wallets to cryptocurrency exchanges, indicating increased trading activity and potential hedging strategies. According to CryptoQuant, approximately 33,860 BTC has been sent to derivatives exchanges, with most funds returning to miners' proprietary wallets.
BRAHMA(MBA) Adds USDT to Its Stable Exchange, Focusing on User Experience and Diversified Investment Opportunities
June 28 (Cointime) - Hong Kong's recent legalization of Bitcoin signals a promising future for digital currency. BRAHMA (MBA), a global trading platform for digital assets, has announced the addition of USDT to its stable exchange.
Tether Signs MOU with Government of Georgia to Develop Blockchain, Bitcoin, and Peer-to-Peer Infrastructure
June 28 (Cointime) -Paolo Ardoino (CTO, Tether) and Irakli Nadareishvili (Deputy Minister of Economy and Sustainable Development) signing the MOU for the collaboration between Tether and the Government of Georgia to develop Blockchain, #Bitcoin and Peer-to-Peer Infrastructure.
Seoul High Court Rules Bitcoin Not Classified as Money, Exempt from Lending Regulations in South Korea
June 28 (Cointime) - The Seoul High Court Civil Division has ruled that Bitcoin should not be classified as money, exempting it from lending business regulations in South Korea and declaring that interest rate rules do not apply to BTC.
Bitcoin Bulls Prepare for Potential Seasonal Surge as Matrixport Predicts Rally to $35,000
June 28 (Cointime) - Bitcoin is currently hovering above $30,000 after a recent dip from its 12-month high of over $31,000. Investors are anticipating a seasonal surge in Bitcoin price, as the cryptocurrency has historically performed well in July. Matrixport predicts a rally to $35,000, but warns of a possible pullback to $30,000 before the next spike.
BlackRock's Bitcoin ETF Application Expected to Receive Approval from US SEC
June 28 (Cointime) - Bitcoin has surpassed the $30k price level as BlackRock, a major investment management company, has applied for a spot BTC Exchange Traded Fund (ETF). Despite previous rejections due to concerns of fraud and market manipulation, experts predict that the US Securities and Exchange Commission (SEC) is likely to approve BlackRock's request.
Israeli Government Seizes Millions in Cryptocurrency From Hezbollah and Iran’s Quds Force
June 27 (Cointime) - The Israeli government has confiscated millions of dollars worth of cryptocurrency from accounts linked to the Quds Force and Hezbollah. Defense Minister Yoav Gallant ordered the seizure of the digital wallets and transfer of funds to the Israeli government, in the first operation of its kind against the two terrorist organizations.
Jack Dorsey questions Apple CEO on lack of Bitcoin support in Apple Pay
June 27 (Cointime) - Jack Dorsey, the CEO of Block, a Bitcoin-focused financial services company, has questioned why Apple does not support Bitcoin on its mobile payment service, Apple Pay.
Bitcoin Challenges $31,000 Again as Fidelity Bitcoin ETF Rumor Emerges
June 27 (Cointime) - Bitcoin made a push towards $31,000 after the Wall Street open on June 27th, with traders hoping for further gains. The price of BTC edged higher after holding support at $30,000, and positive news emerged as asset manager Fidelity Investments reportedly prepared to launch a Bitcoin spot-based exchange-traded fund.
